• le_saucisson_masquay@sh.itjust.works
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    8 months ago

    Isn’t that market manipulation and anyway completely illegal to force buy back stock at 0$ ?? If I force you to sell me your house for 0$, whatever if it’s in a contract, that would be illegal in Europe. 1€ would be fine tho.

    • Squizzy@lemmy.world
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      8 months ago

      €1 would not be ok in Ireland, there is a rule about under value sales to stop people selling their assets to spouses when they go bankrupt.

    • body_by_make@lemmy.dbzer0.com
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      8 months ago

      SpaceX isn’t public, this is an internal stock system used for employee rewards. Like bonuses, but kinda more arbitrary and more gambly